Investor loans fall to lowest level in 12 months

http://www.smh.com.au/business/the-economy/investor-loans-fall-to-lowest-level-in-12-months-as-banks-react-to-tighter-apra-regulations-20170711-gx8rlv.html Tighter APRA regulations have pushed investors out of the housing market and given leeway to first-home buyers Business conditions also reached a multi-year high in June according to a National Australia Bank business survey, echoing back to pre-global financial crisis levels ABS figures: home loans to investors as a proportion of all loans dropped…… Continue reading Investor loans fall to lowest level in 12 months

Latest tax data proves negative gearing benefits wealthy the most

https://www.theguardian.com/business/grogonomics/2017/apr/13/the-latest-tax-data-proves-it-negative-gearing-benefits-the-rich-the-most?CMP=soc_567 Release of taxations statistics for 2014-15 by the ATO reveals that, while the number of people negative gearing has levelled in the past three years as interest rates have fallen, the greatest share of the benefits of negative gearing has gone to above average earners In 2014-15, 1.27 million people recorded a rental net…… Continue reading Latest tax data proves negative gearing benefits wealthy the most